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Delhi-based electric taxi startup Evera Cabs raises $4 million in funding
- Delhi-based electric taxi startup Evera Cabs has secured $4 million in funding from Mufin Green Finance Pvt. Ltd. through convertible debentures and debt.
- The funding will fuel Evera Cabs' efforts to enhance sustainable urban mobility by expanding its electric vehicle fleet and serving both business and individual commuters.
- Founded in 2019, Evera Cabs is a part of Prakriti E-Mobility and focuses on clean-energy transportation infrastructure.
- Nimish Trivedi, the Co-founder and CEO, highlighted the strategic partnership with Mufin Green Finance as pivotal in scaling sustainable electric mobility in India.
- The startup stands out by providing app-based cab services with a no-cancellation, no-surge pricing model, mainly in the airport transit sector.
- Evera's services cover all terminals at Delhi airport for individual customers and cater to corporations seeking to comply with carbon reduction goals.
- Evera acquired 500 electric cabs previously under BluSmart's operations following BluSmart's operational halt in key metro markets, enhancing its fleet management.
- The integration of BluSmart's driver network and vehicles positions Evera to set new standards in reliable and eco-friendly urban transportation.
- Prior to this funding, Evera had raised $7.14 million in seed funding, and this new investment is intended to strengthen its position in Delhi's electric cab market and pave the way for expansion.
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